Core Laboratories (ticker: CLB) is a leading provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services used to optimize petroleum reservoir performance. CLB has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.

On October 17, 2012, the company reported Q3’12 earnings results two weeks after reporting a downward revision in its previously guided earnings per share (EPS) estimates for the quarter.

Effective Rig Count drops to 2,771: Permian oil growth slowing EnerCom has released its latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count fell to 2,771 in July, marking the first decline in the EERC since the downturn bottomed out in May 2016. The EERC expresses current activity measured in terms[Read More…]